Watch This Growth Stock If the Market Crashes
The market is near all-time highs today, and a great many stocks look expensive. That's the case with industrial real estate investment trust Prologis (NYSE: PLD). In fact, the warehouse landlord often seems to trade at a premium price. However, during market sell-offs, even stocks of great companies tend to falter, which is why this REIT should be on your watch list for the next market crash. Here's why.
There's a saying in the real estate sector that sums up the business fairly well: location, location, location. Prologis is the living embodiment of this. It owns warehouses, which are, in and of themselves, fairly boring assets. However, it has a focus on key transportation hubs, like California and the New York City region. That makes its assets vital cogs in the supply chains that move products around the world.
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Source Fool.com
